Between November 1 and December 24, MicroStrategy, one of the world’s largest corporate Bitcoin holders, added an estimated 2,501 BTC to its holdings, spending a net $44.6 million.

While the company’s position in Bitcoin has increased, it should be noted that for the first time, the company actually sold some BTC.

On Dec. 22, the company liquidated 704 BTC for $11.8 million. This move, it is presumed, was to offset previous capital gains. But, just two days later, the company added 810 BTC ($13.6 million) to its position.

In total, MicroStrategy now holds 135,000 Bitcoin…. And has accumulated a net 2,501 BTC since November 1 alone.

Prior to the company releasing data on its latest Bitcoin transactions and holdings, MicroStrategy co-founder, Michael Saylor appeared on the Patrick Bet-David podcast.

In this podcast (available HERE), Saylor discusses the intricacies of the alleged SBF/FTX/Alameda scam, why regulation is good for Bitcoin and the crypto industry as a whole, and why Bitcoin is a commodity, not a security.

Here are some of the highlights of the interview:

At 1:26:03, Bet-David asks Saylor “Are you yourself sitting there saying ‘I’m hoping they figure out this regulation thing fairly quickly… are you leaning now towards more regulation than you were 9 months ago?”

To which Saylor responds, “I think regulation is a good thing for the industry, and I’ve never really been against it. If you’re holding Bitcoin, or you want to act as a responsible, sound institution, you don’t have a problem with regulation.

“The people who’ve been fighting regulation are those that want to sell unregistered securities or want to manipulate them. So, my position was always the industry should be regulated…

“The rollercoaster ride that is Bitcoin is because of unregistered securities trading on unregulated exchanges… to the extent that your life is miserable in the Bitcoin world, it’s because of unregulated exchanges manipulating unregistered securities.”

Saylor notes that Bitcoin is not a security, it is, rather, a commodity. He said, “Here’s an example of owning a security. Zuckerberg decides Facebook should be Meta, and the price of the stock falls by 65%. And is it legal and ethical for him to do it? Yeah. If you bought Facebook stock, you read the report, you know he controls the company, you know he’s the CEO, you know he could do it. You could complain about it, but that was the risk you had going into it.”

On the other hand, with a commodity, “You’re never going to wake up and be holding an orange in your hand and find out that some dude that hates you around the world cast a magic spell and made two thirds of your orange disappear.

“One of these things is a natural asset {the orange}, the other is an artificial asset {Facebook stock}. Securities are manmade assets; commodities are nature created assets. They both come with risks. But when you buy a bar of gold and you lose money, it’s not because the CEO of Gold Corp made the gold {into} copper…

“A truly decentralized thing (Bitcoin) results in a commodity where no one can corrupt it. And a centralized thing is a security {where} you’re relying on the effort of somebody else and you have to trust them…

See Michael Saylor’s full interview on the Patrick Bet-David podcast, HERE

Source: https://www.yahoo.com/lifestyle/michael-saylors-microstrategy-adds-another-131840827.html